5540 Meadowbrook, Rolling Meadows, IL
ROLLING MEADOWS, IL—Colliers International Chicago's Kelly Joyce and Vern Schultz represented Venture One in its 28,022-square-foot, full building headquarters lease to Perfect Turf. The freestanding industrial property is located at 5540 Meadowbrook Ct. in Rolling Meadows, IL.
Perfect Turf will move from 230 Gerry Dr. in Wood Dale, IL, in January 2019. The new lease represents an expansion of about 15,000 square feet for the manufacturers and distributors of synthetic turf products.
“The building was ideally suited for the tenant's real estate requirements and the 6B tax classification was an especially important economic consideration,” says Joyce.
Joyce and Schultz arranged the sale of the building, then vacant, to Venture One earlier in 2018.
Venture One is upgrading the facility with an overhaul of the office space, and new HVAC units, a new roof and repaved parking lot.
Perfect Turf was represented by Lee & Associates' Ken Franzese and Joe Feeney.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
